Jackson Square Capital LLC Has $5.49 Million Position in Linde plc (NASDAQ:LIN)

Jackson Square Capital LLC decreased its holdings in shares of Linde plc (NASDAQ:LIN) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,506 shares of the basic materials company’s stock after selling 313 shares during the quarter. Linde makes up 1.4% of Jackson Square Capital LLC’s holdings, making the stock its 23rd biggest position. Jackson Square Capital LLC’s holdings in Linde were worth $5,487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LIN. Summit Securities Group LLC bought a new position in shares of Linde during the second quarter worth approximately $28,000. Kozak & Associates Inc. acquired a new stake in shares of Linde during the third quarter worth $34,000. J.Safra Asset Management Corp bought a new stake in shares of Linde in the second quarter valued at about $42,000. Hazlett Burt & Watson Inc. grew its stake in shares of Linde by 133.3% in the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 56 shares in the last quarter. Finally, Bangor Savings Bank increased its position in Linde by 62.9% during the second quarter. Bangor Savings Bank now owns 101 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 39 shares during the period. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LIN shares. Barclays increased their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America boosted their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, BMO Capital Markets increased their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $490.75.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Up 1.7 %

Shares of NASDAQ:LIN opened at $462.63 on Thursday. Linde plc has a 52-week low of $385.12 and a 52-week high of $487.49. The company has a market capitalization of $220.29 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The company has a fifty day moving average of $472.12 and a 200-day moving average of $452.12.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $3.63 earnings per share. On average, equities analysts predict that Linde plc will post 15.47 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s payout ratio is 42.22%.

Linde Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.